Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

In figures: 68 new real estate projects registered in Dubai in H1

13.08.2017
In figures: 68 new real estate projects registered in Dubai in H1

In the run-up to the Expo 2020, the number of new real estate projects in Dubai is surging up. The number of applications for new developments construction submitted and approved by Dubai Land Department during 6 months of 2017, exceeds last years’ figures significantly. 

At the same time, the percentage of completed real estate projects is also getting bigger. It is expected that almost all projects started before 2020 will be completed on schedule. According to the DLD’s latest report, in H1 2017, Dubai developers have been authorized to start 68 new real estate projects worth a total of AED21 billion (USD5.72 billion). For comparison: according to the WAM news agency, quoting official source in the DLD, during the entire period from the beginning of 2016 and up to the first half of 2017, 88 new projects were registered in Dubai.

Dubai Land Department Director General Sultan Butti bin Mejren said that the authority’s entire database includes 483 real estate projects and 713 developers registered in. Since the establishment of the Real Estate Regulation Agency (RERA) in Dubai 10 years ago, 535 real estate projects of various sizes have been completed. Of these, 24 real estate projects launched in the previous years were completed during the first half of 2017, Bin Mejren added.

“Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our real estate sector and its future prospects,” Head of DLD has also emphasized.

Last week, DLD released statistics data for the last 18 months, from January 1, 2016 to July 31, 2017, according to which, 95,000 real estate transactions were concluded in Dubai over the mentioned period having a total value of AED390 billion.

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
RENT
58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management